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National Business
National Business
Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan
OTTAWA — Investor advisory firm Glass Lewis & Co. says Shopify Inc.’s plan to augment founder Tobi Lütke's power in the e-commerce company only passed because of the support from an early company investor and director.
Jun 15, 2022 6:33 PM
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Fed attacks inflation with its largest rate hike since 1994
WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off th
Jun 15, 2022 6:18 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,611.56, up 63.05 points.) Canadian Natural Resources (TSX:CNQ). Energy. Down $1.30, or 1.7 per cent, to $77.18 on 13.
Jun 15, 2022 5:20 PM
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North American stock markets climb after Fed adopts largest rate hike since 1994
TORONTO — North American stock markets broke multi-day losing streaks after the U.S. Federal Reserve adopted the largest interest rate increase since 1994 and vowed to remain aggressive in tackling soaring inflation.
Jun 15, 2022 4:47 PM
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Bank of Canada likely to mirror 0.75% Fed hike next month: economists
The Federal Reserve raising its key interest rate by three-quarters of a percentage point — its largest hike since 1994 — increases the odds of the Bank of Canada following suit next month, economists say. The U.S.
Jun 15, 2022 3:10 PM
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Retail sales in May slip 0.3% amid surging inflation
NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S.
Jun 15, 2022 3:10 PM
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As dairy commission examines milk prices behind closed doors, transparency questioned
Dairy industry observers are raising concerns about a lack of transparency in how the price of milk is set in Canada as a Crown corporation considers a rare request to raise prices for the second time this year.
Jun 15, 2022 2:36 PM
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May home sales down 22% since last year, 9% from April: CREA
Canada's housing market continued to cool last month with the country's real estate association finding home sales dropped by nearly 22 per cent since last year and almost nine per cent between April and May.
Jun 15, 2022 1:38 PM
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Biden says US will send $1 billion more in aid to Ukraine
WASHINGTON (AP) — President Joe Biden said Wednesday the U.S.
Jun 15, 2022 12:48 PM
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Pot company Hexo's restructuring to include loss of 450 jobs, Ont. facility closure
GATINEAU, Que. — Hexo Corp. says its ongoing plan to streamline the cannabis business and cut costs includes the reduction of 450 jobs. The Gatineau, Que.
Jun 15, 2022 12:24 PM
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